Class action lawsuit filed against Snowflake over alleged securities fraud from 2023-2024 stock sales

A securities fraud class action lawsuit has been filed against Snowflake Inc. by shareholders who bought Class A common stock between June 27, 2023, and February 28, 2024. The suit alleges that Snowflake made false statements about customer usage and product developments, potentially misleading investors. Shareholders who purchased during this period and suffered losses may join the lawsuit, with a deadline to file for lead plaintiff status by April 27, 2026. The case is handled by Bernstein Liebhard LLP, a firm experienced in investor litigation.